How Is the Frozen Food Market Growing with Expanding Retail and E-Commerce Channels?

MARKET OVERVIEW

The global frozen food market size reached USD 261.9 Billion in 2024 and is projected to reach USD 360 Billion by 2033, growing at a CAGR of 3.59% during the forecast period of 2025-2033. Factors such as rising consumer focus on health and wellness, expanding e-commerce, advancements in logistics and preservation technologies, and growing demand for convenience are driving the market.

STUDY ASSUMPTION YEARS
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

FROZEN FOOD MARKET KEY TAKEAWAYS

• Current Market Size: USD 261.9 Billion in 2024
• CAGR: 3.59% (2025-2033)
• Forecast Period: 2025-2033
• Future opportunities include a focus on reducing food waste and continued development of continuous freezing technology.
• There is growing consumer demand for healthier, low sodium and low calorie frozen foods, as well as gourmet and ethnic meals.
• Frozen meat products dominate the market, due to their good quality and minimal preparation time required.
• Europe has the largest market share, driven by changing lifestyles and a favorable retail environment.
• The challenges are attributable to the nutrient composition, supply chain, and transport of the food.

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MARKET GROWTH FACTORS

Furthermore, as the working class or labor force is expected to grow and is highly concentrated within cities (56% of the population are expected to live in urban areas by 2050), demand for ready-to-eat frozen meals & ready-to-eat snacks requiring minimal cooking/reheating is expected to increase to accommodate the busy modern consumers across the globe.

New product development in sustainable packaging and clean label products is getting a big increase from the fact that frozen foods last much longer. Nomad Foods has partnered with Innoget to offer paper frozen packaging. Nature Fresh Farms released compostable wrap. The wrap is made from plant-based PLA to reduce plastic waste. The wrap also increases shelf life.

Flash freezing and similar technologies may help preserve nutrients, color and texture better than customary freezing methods. Companies such as SPATULA Foods Inc. use smart packaging and technologies such as QR code, RFID tags and Internet of Things (IoT) sensors to allow for the real-time tracking of frozen foods through the cold supply chains.

MARKET SEGMENTATION

Breakup by Product Type:

• Frozen Vegetable Snacks: Ready-to-eat frozen vegetable snacks including French fries, bites, wedges and smileys, aloo tikki, nuggets, and others, providing convenient snacking options.
• Frozen Meat Products: Includes chicken, fish, pork, mutton, and other frozen meat items, renowned for consistent quality and minimal preparation time.
• Frozen Vegetables and Fruits: Covers frozen vegetables like green peas, corn, mixed vegetables, carrot, cauliflower, and others as well as frozen fruits such as strawberries, berries (raspberries, blueberries, blackberries), cherries, and others.

Breakup by Frozen Vegetable Snacks Type:
• French Fries
• Bites, Wedges and Smileys
• Aloo Tikki
• Nuggets
• Others

Breakup by Frozen Meat Products Type:
• Chicken
• Fish
• Pork
• Mutton
• Others

Breakup by Frozen Vegetables Type:
• Green Peas
• Corn
• Mixed Vegetables
• Carrot
• Cauliflower
• Others

Breakup by Frozen Fruits Type:
• Strawberries
• Berries (Raspberries, Blueberries, Blackberries)
• Cherries
• Others

Breakup by Region:
• North America: United States, Canada
• Asia-Pacific: China, Japan, India, South Korea, Australia, Indonesia, Others
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Others
• Latin America: Brazil, Mexico, Others
• Middle East and Africa

REGIONAL INSIGHTS

Europe remains the biggest market worldwide for frozen food, mainly due to changing consumer lifestyles, more and better choices of high-quality and specialty frozen foods, and an increase in retail outlets across the continent. According to the Eurobarometer Poll 2021, 64% of Europeans eat fish regularly, the majority of which is frozen seafood. Frozen fish packaged in single portions is increasingly popular.

RECENT DEVELOPMENTS & NEWS

• In April 2023, Nestle made a joint venture with PAI Partners for the European frozen pizza business of Nestle.
• Conagra Brands, Inc. added more than 50 new products to the grocery, frozen, and snacks categories that include frozen meals in July 2023.
• March 2024: Thai Union Group began a program for the large reduction of greenhouse gas emissions in its shrimp supply chain, advancing sustainability initiatives.

KEY PLAYERS
• Ajinomoto Co. Inc.
• Aryzta A.G.
• Associated British Foods plc
• Bellisio Foods Inc. (Charoen Pokphand Foods)
• Cargill Incorporated
• Conagra Brands Inc.
• General Mills Inc.
• The Kraft Heinz Company
• JBS S.A.
• Jeanie Marshal Foods Ltd
• Kellogg Company
• McCain Foods Limited
• Nestlé S.A.
• Wawona Frozen Foods

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